Rs586-cr high for corporation in property tax
Chennai : Greater Chennai Corporation has netted a record high of Rs 586 crore in property tax for 2015- 2016.
Despite the floods in December first interrupting assessment and collection and then preparation for the election ahead, the civic body achieved 97% of its target of Rs 600 crore. The corporation had collected Rs 581 crore as property tax last fiscal.
Collection gathered full steam in the last week of March, with all officials of the corporation pitching in to help revenue executives who have had themselves to double up as electoral registration officers.
“We were able to achieve this record because, for the first time, we came up with a strategy to focus on owners of high value properties and big establishments and persuaded them to pay property tax for next year in advance,” a senior corporation official said. “Most of the cheques came through on March 31, when accumulated almost Rs 6 crore in a single day.”
This year, the corporation also assessed more properties in the peripheral areas of the city, and this added to the revenue.
“The floods disrupted collection for a few days but it was tougher after the election dates were announced,” the official said. “Conducting awareness campaigns and poll work has been very stressful on revenue officials.”
Though the civic body has set a record, its tax collection for the 426 sq km under its jurisdiction remains relatively low compared to the sums realised by corporations in Delhi (1,454 sq km), Bengaluru (712 sq km) and Hyderabad (650 sq km).